Sunday, November 13, 2011

Time to Switch

November 5th 2011 will be known as “Bank Transfer Day,” by this day people supporting this movement are hoping that 99% of people using major banking institutions will switch to a non-profit credit union. The message sent by this movement is to stop supporting companies with unethical business practices.

USAA is a non-profit company with rates that have been number one for years. With one company you could have a debit card, credit card, insurance, and many other advantages. If you have an immediate family member in the military you may be eligible to join USAA and receive all of their perks. Even if you do not have a family member in the military you may still be eligible to join and receive the benefits of having a debit or credit card with them. 

With the many benefits from being a USAA member the only thing that could discourage you from joining is the potential hassle of switching banks. However from personal experience I can tell you that it only takes about thirty minutes. Unlike Bank Of America, USAA has a real person answer the phone and they are more than willing to answer any question you may have. They are friendly, thorough and very efficient. 

My favorite benefit about being a USAA member is that they reimburse every single ATM fee your card is charged and it works all over the world. Other banks can sometimes charge up to fifteen dollars for one ATM transaction overseas. Even if you are not planning on travelling to another country think about all those times you have had to stop in a convenience store to take money out of their ATM. You do not have to worry about trying to find your specific bank to deposit or take out money because you can do it anywhere. Think about all of that money that you could have right now if your bank reimbursed you for every penny. Some of these ATM fees may not seem like a lot of money at the time but using them repeatedly can cause a significant dent in your wallet. 

The objective with major bank companies is to make money, but with a non-profit company you do not need to worry about being scammed with your money. So if you are still hesitant to try USAA why don’t you call them yourself and immediately get connected to a customer service agent that can answer any question and help improve your financial life. 

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